Income Protection Application Process

What is Required when Applying for Income Protection

Memigo can provide quotations from a range of well known UK insurance companies including Axa Sun Life, Bright Grey, BUPA, Friends Provident, Lincoln National, Liverpool Victoria, Norwich Union, Scottish Provident, Standard Life, Synergy and Unum.
Our aim is to offer choice and help find the best quality cover at the cheapest possible price.

In order to receive an online quote the following information is required:

• Date of birth - premiums will be lower for younger lives.
• Sex - premiums are generally lower for males.
• Occupation – premiums will be dependent on the risks, if any, associated with an individual’s occupation.
• Benefit - the maximum amount will vary by insurer but is normally two thirds of gross income - see our calculator. Choosing a lower benefit will lower the premium paid.
• Deferment Period - this can be chosen dependent on employment status and how long an employer continues to pay in the event of incapacity. Longer deferment periods will generally secure lower premiums.
• Term - most policies will run until normal retirement age, although shorter terms with lower premiums are available.

All quotations are subject to underwriting by the insurer.

The application process is detailed and will require completion of personal information regarding income, occupation, hazardous pastimes as well as medical history.
In some cases to fully assess an application it may be necessary for the insurer to access medical records and/or require a medical examination.

Get a Quote